文档介绍：景德镇陶瓷学院科技艺术学院法商系外文文献学号:200930333145姓 名: 留芳名院(系):科技艺术学院法商系专 业: 财务管理指导老师: anizationAbstract:Theprimarygoalofthisstudyistoprovideatheoreticalmodelthatshowsexplicitsolutionsforequilibriumpricesandderivestheequilibriumrequiredreturnforthefirm",ountinginformaition,relatedtothefirm"sreports,'sabilitytodirectfirms'-ountinginformation,1eadstoareductioninthefirm":theoreticalModel,AccountingTnformation,CostofCapital,"soperationsanditsprofitability,sinceshocksontoanticipatedcashflowsarereflectedinthefirm".[1]arguethatitistheenvironmentofafirm,whichisdescribedbymanyparameters,ountingstandards,ingfromthefirm"sreports,ountingtypeofin-formationthatdeterminesthefirm"scostofcapitaland,consequently,,tionintransactionac-tivitiesinthestockmarkct(⑵)aswellastoenhancedliquidity,whichlowersthediscountsatwhichfirmsmustissuecapital([3]).[4]-pricingmodelshasnot,sofar,ountinginformationenvironmentindeterminingthefirm"srequiredreturn,though[5]arguethatmorefactotsotherthanmarketriskcouldbeequallyresponsiblefordoterminingafirm,sfinancialaggregates,,however,placestheconceptofmarketefficiencyinseriousdispute,[6],ountinginfor-motionleadstochangesnotonlyinfirm"sstockprices,butalsointhetradedvolumeduetotheenhancedeffectofinforniedtraders,doesnotseemsupportivctotheaboveargument.[6]ountinginformation,butonlyifthenewinformati